Salary question

[hiromizu]

Sometimes employers will take that missing chunk and give it to you in the form of a bonus.

 

[Qacer]

Originally posted by: hiromizu
Sometimes employers will take that missing chunk and give it to you in the form of a boner.

You mean bonus? Or are you referring to a possible sexual harassment suit that can easily get you $900 just to keep it off the books? LOL.

 

[imported_yovonbishop]

I'd say hell with the $900 and take the job anyway. That amount for entry level is pretty good.

 

[jiggahertz]

Originally posted by: 3NF
It would be much easier if they just paid you monthly ...

Yeah, bi-weekly sucks.

 

[Gunslinger08]

They could be subtracting health care premiums.

 

[AreaCode7O7]

Originally posted by: Zenmervolt

Originally posted by: Qacer
A friend of mine recently received a job offer. The annual salary is supposed to be about $68500. In her letter, it says that her bi-weekly salary is $2600. But somehow $2600 * 2 * 12 does not add up to $68500.

I initially thought that $2600 was what she would get after taxes, insurance, and 401k, but I realized that this is a job offer letter. How would they know her tax status and insurance benefits options?

Any thoughts?

Hopefully, she was able to contact the HR person to get some answers, but I thought I'd post it here just to get others' opinion.

I still think she got a pretty damn good offer for an entry level position.

There are 26 pay periods in a year (52 weeks, divided by 2). You're only counting 24 pay periods. Still, that only brings it to $67,600 so there's still $900 "missing", but it's probable that you were rounding when you said $2,600 biweekly.

Her biweekly gross pay for an annual salary of $68,500 should be $2,634.62 using standard rounding rules.

ZV

Winner. Either the OP and friend read $2,634.62 and just rounded to the closest hundred to do their math, thereby losing the $900, or the offer letter generation program does an erroneous round down on the bi-weekly calculation. That would be about par for most HR applications. If she talks to her recruiter, they'll correct it.

 

[IHateMyJob2004]

Originally posted by: Qacer
A friend of mine recently received a job offer. The annual salary is supposed to be about $68500. In her letter, it says that her bi-weekly salary is $2600. But somehow $2600 * 2 * 12 does not add up to $68500.

I initially thought that $2600 was what she would get after taxes, insurance, and 401k, but I realized that this is a job offer letter. How would they know her tax status and insurance benefits options?

Any thoughts?

Hopefully, she was able to contact the HR person to get some answers, but I thought I'd post it here just to get others' opinion.

I still think she got a pretty damn good offer for an entry level position.

$2600 times 26 is $67600. For 68500, you'd get 2634 every two weeks. If that is not hte exact number in the letter, have her ask questions.

 

[IHateMyJob2004]

Originally posted by: spidey07
how the hell did she get her degree if she can't multiply!!!!!!

If the offer letter doesn't match what was agreed upon then just bring it up and have them change it.

Good point. I was wodnering why one can't figure this out on their own.

 

[Orsorum]

Originally posted by: HomeBrewerDude
You can't really have a discussion until you are able to say what the offer was.

however, your math is bad... there are 26 (not 24) two week periods in a year.

Actually, for my employer it really is 24 pay periods - bi-monthly.

 

[her209]

Where are the requests for PICS?

 

[Baked]

Why are you worried about your friend's salary? She has a computer whatever degree, she should be able to figure this out by herself in a minute.

 

[ebaycj]

Originally posted by: Orsorum

Originally posted by: HomeBrewerDude
You can't really have a discussion until you are able to say what the offer was.

however, your math is bad... there are 26 (not 24) two week periods in a year.

Actually, for my employer it really is 24 pay periods - bi-monthly.

24 pay periods / year is SEMI-monthly.

Bi-monthly would be 6 pay periods / year (almost nobody does this).



For reference:

(366 / 365 / 365.25) pay periods / year is daily.

52 pay periods / year is weekly.

26 pay periods / year is bi-weekly.

24 pay periods / year is semi-monthly.

12 pay periods / year is monthly.

6 pay periods / year is bi-monthly.

4 pay periods / year is quarterly.

2 pay periods / year is semi-anually.

1 pay period / year is anually.

 

[BarneyFife]

Originally posted by: jiggahertz

Originally posted by: 3NF
It would be much easier if they just paid you monthly ...

Yeah, bi-weekly sucks.

Yeah right. Bi-weekly is better than monthly. Weekly tops all.

 

[Orsorum]

Originally posted by: ebaycj

Originally posted by: Orsorum

Originally posted by: HomeBrewerDude
You can't really have a discussion until you are able to say what the offer was.

however, your math is bad... there are 26 (not 24) two week periods in a year.

Actually, for my employer it really is 24 pay periods - bi-monthly.

24 pay periods / year is SEMI-monthly.

Bi-monthly would be 6 pay periods / year (almost nobody does this).



For reference:

(366 / 365 / 365.25) pay periods / year is daily.

52 pay periods / year is weekly.

26 pay periods / year is bi-weekly.

24 pay periods / year is semi-monthly.

12 pay periods / year is monthly.

6 pay periods / year is bi-monthly.

4 pay periods / year is quarterly.

2 pay periods / year is semi-anually.

1 pay period / year is anually.

Yeah, technically you're right. Thanks for the exposition. :roll:

 

[IHateMyJob2004]

Originally posted by: Qacer

Originally posted by: E equals MC2
what position is she in?

Does it matter? She's in computer science or computer engineering. I can't exactly remember. Some computer <blank> degree.

If she can not figure out where her math is wrong, she will not last long in computer science.

EDIT: Why on earth did this get bumped?